Macerich (MAC) FY2022 results: revenue $859 million, up 1.4% on the year
Macerich Co. (MAC) reported revenue of $859 million for fiscal 2022, the year ended 31 December 2022, up 1.4% on the year before. Net income was -$66 million, and diluted earnings per share $-0.31. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$859 million
+1.4% on the year
FY2015FY2022
Operating margin
-7.8%
-8.1% a year earlier
FY2015FY2022
Net income
-$66 million
FY2015FY2022
Diluted EPS
-$0.31
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
338
286
125
+17.9%
Capital expenditure
52.6
30.5
23.1
+72.5%
Free cash flow
285
256
102
+11.3%
Free cash flow margin
33.2%
30.2%
12.9%
Cash from investing
-1.4
235
-203
Cash from financing
-322
-837
446
Depreciation and amortisation
302
324
326
-6.8%
Share-based compensation
17.6
14.3
13.8
+23.6%
Dividends paid
186
143
180
+29.9%
Dividend per share
$0.62
$0.60
$1.55
+3.3%
Diluted shares, weighted
215m
198m
146m
+8.6%
Shares outstanding at period end
215m
215m
150m
+0.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,866
3,047
2,257
-5.9%
Non-controlling interest
83.6
129
188
-35.4%
Debt
4,404
4,528
6,038
-2.8%
Other liabilities
741
641
700
+15.6%
Total liabilities and equity
8,094
8,346
9,184
-3.0%
Intangible assets
n/a
35.6
48.1
Cash and equivalents
100
112
465
-10.8%
Other assets
7,994
8,198
8,671
-2.5%
Total assets
8,094
8,346
9,184
-3.0%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.